Tips to Manage Financial Stages of Life
6. When Divorced or A Sngle Parent
Divorce is an enormous emotional impede. But should it be a financial impede as well? Essentially not! Here is a check list for couples if your marriage is going through trouble and you feel financially unsecure. The income and expenses are hugely affected as the comfort of double income will be no more. One has to take care of all expenses on their own. Divorce may also prompt a paring down of risky investments and provision of more funds for emergencies.
7. If You Are Not There
No doubt that loosing a loved one is the most dreadful thing one can think of. Therefore as you care for your family you should make sure they have all the comforts even if anything unfair happens. Plan a life insurance for yourself as well as your family members. Ask your financial planner what kind of scheme you should take up that will be adequate for your family. Discuss all the investments and assets with your spouse and let them know about your financial stability and liabilities.
